UN, AU callfor informal sector upgrade

BY LORRAINE MUROMO
THE United Nations and African Union have called for the formalisation of the informal sector, saying it was vital in boosting the continent’s economic growth.

Statistics show that about 85% of people in sub-Saharan Africa survive through informal trading.

Addressing delegates at an Africa Policy Dialogue meeting on the informal sector, United Nations Development Programme (UNDP) senior economist Ojijo Odhiambo said the informal sector was at the centre of economic development.

This story is for NewsDay subscribers.